South Korea’s appeals court suspends Lotte Group chief’s jail sentence
A South Korean appeals court said on Friday it found the chairman of Lotte Group guilty of charges including bribery and breach of trust, but suspended his jail term, setting him free.
Danske shares plummet to four-year lows after mirror trade report
Shares in Danske Bank plummeted on Friday to their lowest in four years after a media report the bank executed up to 8.5 billion euros of mirror trades for Russian customers in 2013, and a downgrade by Credit Suisse.
Oil prices rise on Iran sanctions, outlook uncertain
Oil prices steadied just below four-year highs on Friday as world fuel markets tightened ahead of a new round of U.S. sanctions on Iranian oil exports due to be imposed in November.
Toyota, sensing an opening, debates building Lexus cars in China
Toyota Motor Corp, long opposed to producing its premium Lexus cars in China because of concerns over quality and profitability, is now considering it to ignite growth and narrow sales gaps with its German rivals, four company insiders told Reuters.
South Korea’s appeals court suspends Lotte Group chief’s jail sentence: Yonhap
A South Korean appeals court on Friday found the chief of Lotte Group guilty of charges including bribery and breach of trust, but suspended his jail term, setting him free, according to Yonhap news agency.
Exclusive: SoftBank nearing $500 million investment in ride-hailing firm Grab – sources
SoftBank Group Corp is nearing a deal to invest about $500 million in Grab as part of roughly $1 billion that Southeast Asia’s biggest ride-hailing firm is seeking in its latest funding, sources with knowledge of the matter said.
German minister presses for swift EU trade accord with U.S
The United States and the European Union must quickly flesh out their aim of cutting trade barriers, German Economy Minister Peter Altmaier said ahead of an EU trade meeting on Friday.
Samsung flags third-quarter profit jump to record, but chip price falls cast shadow
Samsung Electronics Co Ltd estimated third-quarter operating profit jumped by a fifth to a record high, with its semiconductor unit bolstered by robust demand from data centers and gains in production yields.
Oil rises ahead of U.S. Iran sanctions, but outlook for 2019 less certain
Oil prices rose on Friday as traders anticipated a tighter market due to U.S. sanctions against Iran’s crude exports, which are set to start next month.
Oil markets could witness modest surplus into early 2019: Goldman Sachs
Global oil markets could witness a modest surplus into early 2019 as new spare capacity comes online, despite strong demand and uncertainty on the size of supply losses from Iran due to U.S. sanctions set to start next month, Goldman Sachs said.
